Ergo, HDFC's new joint venture partner

Ergo new joint venture partner of HDFC, ergo is a German company, HDFC previously short listed three foreign companies before deciding upon Ergo.

Apnainsurance.com Research Bureau

30 Oct 2007

Germany's Ergo
International AG is a new joint venture partner of HDFC for its non-life
business.

HDFC had previously short-listed three foreign companies for the
selection of non-life partner. Ergo is a group company of reinsurance major
Munich Reinsurance holding 26 per cent of stakes in HDFC General Insurance Ltd. This new joint venture will be called HDFC ERGO General Insurance Ltd and
its headquarter will be in Mumbai.